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Innovative Product Opportunities Inc. (A Development Stage Enterprise) CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
3 Months Ended 36 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Mar. 31, 2012
Cash flows from operating activities      
Net loss attributable to Innovative Products Opportunities Inc. $ (32,300) $ (50,266) $ (5,434,928)
Adjustments to reconcile net loss to cash used in operating activities      
Non-controlling interests (6,373) 0 (6,373)
Shares issued to founder 0 0 2,000
Stock issued for services 0 0 5,315,000
(Increase)decrease in accounts receivable (3,000) 21,000 (3,000)
Increase in due from related party (4,452) 0 (4,452)
Increase in accounts payable and accrued liabilities 5,943 13,521 6,564
Net cash used in operating activities (40,182) (15,745) (125,189)
Cash flow from investing activities      
Cash received on acquisition of Szar International, Inc. 696 0 696
Net cash provided by investing activities 696 0 696
Cash flow from financing activities      
Advances by related party 599 33,787 307,248
Repayment to related party 0 (20,000) (215,000)
Advance on notes payable 41,200 0 41,200
Proceeds from issuance of common shares by Szar International, Inc. 252 0 252
Net cash provided by financing activities 42,051 13,787 133,700
Net change in cash 2,565 (1,958) 9,207
Cash, beginning of the period 6,642 15,775 0
Cash, end of the period 9,207 13,817 9,207
Supplemental disclosure of non-cash investing and financing activities      
Conversion of due to related party for common stock 0 0 30,000
Notes payable on acquisition of Szar International, Inc. 15,050 0 15,050
Due to related party on acquisition of Szar International, Inc. $ 2,496 $ 0 $ 2,496